BTC is approaching strong support around the 6900 level, which, if broken, would almost certainly spark a large selloff. The RSI is nearly oversold on the daily and looks like it would become oversold upon reaching the 6900 level. I tend to favor a bullish sentiment on support lines and bearish on resistance. Here, until the 15-week symmetrical triangle is broken, the range is still healthy. Symmetrical triangles can be continuation or reversal patterns. The last symm triangle BTC had was in April, which ended with a short squeeze reversal and 1,000 breakout.
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